Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of University Muslim Medical Association, Inc. (UMMA) under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of UMMA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of UMMA. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Program expenditures in excess of the maximum reimbursement authorized or the program expenditures that were funded with nonfederal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUBRECIPIENTSUMMA provided no federal awards to subrecipients for the year ended December 31,2022.
Title: RELATIONSHIP OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE FS
Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of University Muslim Medical Association, Inc. (UMMA) under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of UMMA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of UMMA. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Program expenditures in excess of the maximum reimbursement authorized or the program expenditures that were funded with nonfederal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Consistent with managements policy, federal awards are recorded in the sameaccount categories as grants from other sources, which are together reported asgovernment grants and contracts revenue in UMMAs financial statements. As a result,the amount of total federal awards expended on the Schedule does not agree to totalgovernment grants and contracts revenue on the Statement of Activities as presentedin UMMAs financial statements as of and for the year ended December 31, 2022.